i3 Interactive Announces Receipt of Management Cease Trade Order
i3 Interactive Announces Receipt of Management Cease Trade Order
Toronto, Ontario--(Newsfile Corp. - June 29, 2022) - i3 Interactive Inc. (CSE: BETS) (the "Corporation") announces that, further to its June 14, 2022, and June 24, 2022, news releases, its application for a temporary management cease trade order (the "MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203") has been approved by the British Columbia Securities Commission (the "BCSC"). The MCTO does not affect the ability of investors who are not insiders to trade in the securities of the Corporation.
安大略省多伦多-(Newsfile Corp.-2022年6月29日)-i3 Interactive Inc.(CSE:BETS)(The公司“)宣布,继其于2022年6月14日和2022年6月24日发布的新闻稿后,其申请临时管理停止贸易令(TheMCTO“)根据国家政策12-203--管理层停止交易令(“NP 12-203“)已获不列颠哥伦比亚省证券委员会批准(“BCSC“)。该条例并不影响非内部人士投资者买卖该公司证券的能力。
The Corporation announced on June 14, 2022, and June 24, 2022 (the "Default Announcements") that it was filing an application seeking a MCTO from the BCSC because it was likely to miss its filing deadline of June 28, 2022 (the "Filing Deadline"), to file its audited financial statements for the 14 months period from January 1, 2020, and ended February 28, 2022 with comparative figures for the 12 months ended December 31, 2020, and the related management's discussion and analysis, related Chief Executive Officer and Chief Financial Officer certificates for this period (collectively, the "Required Filings"), as required under the applicable securities laws.
本公司于2022年6月14日及2022年6月24日宣布(“默认通知)它正在向BCSC申请MCTO,因为它很可能达不到2022年6月28日的提交截止日期(提交截止日期),提交截至2022年2月28日止14个月的经审计财务报表、截至2020年12月31日的12个月的比较数字以及相关管理层的讨论和分析、相关的首席执行官和首席财务官证书(统称为要求提交的文件“),根据适用的证券法的要求。
The inability of the Corporation to file its Required Filings by the Filing Deadline is due to a combination of factors including (i) the Financial Year Change, (ii) change of auditors, (iii) the hiring and onboarding of a new auditor, (iv) delays in audit of the new auditor as it needed to undergo additional procedures, (v) delays in obtaining financial information relating to the Corporation's assets in India and valuation of such assets. The Corporation continues to work closely with its auditor and expects to file the Required Filings by August 29, 2022.
本公司未能于提交截止日期前提交其所需的文件是由于多项因素所致,包括(I)财政年度变动、(Ii)更换核数师、(Iii)聘用及入职新核数师、(Iv)因需要进行额外程序而延迟审核新核数师、(V)延迟获取有关本公司在印度资产的财务资料及该等资产的估值。该公司继续与其审计师密切合作,预计在2022年8月29日之前提交所需的文件。
The MCTO restricts trading in securities of the Corporation by management and certain other insiders of the Corporation until such time as the Required Filings have been filed by the Corporation and the MCTO is no longer in effect. The MCTO does not affect the ability of shareholders who are not insiders of the Corporation to trade their securities.
该条例限制该公司管理层及某些其他内部人士买卖该公司的证券,直至该公司提交所需的文件,而该条例不再有效为止。该条例并不影响非该公司内部人士的股东买卖其证券的能力。
Until the Corporation has filed the Required Filings, members of the Corporation's management and other insiders are subject to an insider trading black-out as per its internal Insider Trading Policy. The Corporation confirms that, other than as disclosed in prior press releases and material change reports, there have been no material business developments since the filing on May 3, 2021 of the Corporation's latest audited financial reports for the years ended December 31, 2020 and 2019, and since the filing on November 29, 2021 of the interim financial reports for the nine month periods ended September 30, 2021 and 2020.
根据公司内部内幕交易政策,在公司提交所需文件之前,公司管理层成员和其他内部人士将受到内幕交易管制的约束。本公司确认,除先前新闻稿及重大变动报告所披露外,自本公司于2021年5月3日提交截至2020年及2019年12月31日止年度的最新经审核财务报告以来,以及自于2021年11月29日提交截至2021年9月30日、2021年及2020年9月30日止九个月期间的中期财务报告以来,并无重大业务发展。
The Corporation is not currently subject to any insolvency proceedings. If the Corporation becomes subject to any insolvency proceedings and provides any information to any of its creditors during the period in which it is in default of filing the Required Filings, the Corporation confirms that it will also file material change reports on SEDAR containing such information as is required.
该公司目前没有受到任何破产程序的约束。如果公司受到任何破产程序的制约,并在其未能提交所要求的申请期间向其任何债权人提供任何信息,公司确认,它也将提交关于SEDAR的重大变更报告,其中载有所要求的信息。
The Corporation confirms that since the date of the Default Announcements: (i) there has been no material change to the information set out in the Default Announcements that has not been generally disclosed; (ii) the Corporation is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Filings is continuing, each of which will be issued in the form of a press release; (iii) there has not been any other specified default by the Corporation under NP 12-203; (iv) the Corporation is not subject to any insolvency proceedings; and (v) there is no material information concerning the affairs of the Corporation that has not been generally disclosed.
本公司确认,自违约公告之日起:(1)违约公告中所列信息没有发生重大变化,而这些信息并未普遍披露;(2)本公司感到满意,并确认只要提交所需文件的延迟仍在继续,本公司将继续满足NP 12-203规定的替代信息指南的规定,并发布每两周一次的违约状态报告,每一份报告将以新闻稿形式发布;(3)本公司没有根据NP 12-203规定的任何其他违约情况;(4)该公司不受任何破产程序的约束;及。(5)没有任何有关该公司事务的重要资料未予普遍披露。
For more information, please contact:
如需更多信息,请联系:
Troy Grant
Interim Chief Executive Officer and Director
Email: troy@i3company.com
Phone: 902 802-8847
特洛伊·格兰特
董事临时首席执行官兼首席执行官
电子邮件:troy@i3panany.com
电话:902 802-8847
Forward-Looking Statements
This news release contains forward-looking statements relating to the expected timing of the filing of the annual audited financial statements and related management's discussion and analysis for the 14 months period from January 1, 2020, and ended February 28, 2022 with comparative figures for the 12 months ended December 31, 2020. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Corporation's expectations are risks detailed from time to time in the filings made by the Corporation with securities regulations. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Corporation will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
前瞻性陈述
本新闻稿包含前瞻性陈述,涉及从2020年1月1日至2022年2月28日的14个月期间提交年度经审计财务报表的预期时间以及相关管理层的讨论和分析,以及截至2020年12月31日的12个月的比较数字。不能保证这些陈述将被证明是准确的,实际结果和未来事件可能与这些陈述中预期的大不相同。可能导致实际结果与公司预期大相径庭的重要因素是公司不时在提交给证券法规的文件中详细说明的风险。本新闻稿中包含的前瞻性陈述明确地受到本警示性声明的限制。本新闻稿中包含的前瞻性陈述是在本新闻稿发布之日作出的,公司将按照加拿大证券法的明确要求更新或公开修改任何包含的前瞻性陈述。
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